Why central bank digital currencies will destroy bitcoin? https://i.guim.co.uk/img/media/66ef6c8ca2bed1beda45656cfaa211a51afee2d9/0_135_4488_2693/master/4488.jpg?width=700&dpr=2&s=none
Why central bank digital currencies will destroy bitcoin?
CBDCs are seen as more secure, being backed by a central bank, and could easily be made anonymous. This contrasts with the perceived lack of security and anonymity in cryptocurrencies like Bitcoin
Broadcast: The potential impact of central bank digital currencies (CBDCs) on Bitcoin has sparked intense debate and speculation. Proponents of CBDCs argue that their introduction could significantly disrupt the cryptocurrency landscape, potentially leading to the erosion of Bitcoin's prominence. The emergence of CBDCs raises critical questions about the future coexistence of traditional cryptocurrencies and government-backed digital currencies.